BlockBeats News, June 1st, according to Hyperinsight monitoring, the HYPE short whale trader "Loracle" has been continuously reducing his HYPE short position in the past few hours as HYPE soared above $70. As of the time of writing, his 5x leveraged short position has decreased from $102 million to $60.94 million, with current losses still at $22.58 million (-74%).
During the weekend, Loracle transferred his on-chain 893,000 HYPE to Hyperliquid. With the price surge, the value of this spot holding has increased from $54.5 million to $64 million, which has not been sold yet.
Over the past month, this whale has unlocked a total of 2 times, totaling 1.115 million HYPE (valued at around $63.51 million). In a traceable on-chain record, on May 21st (the day of HYPE's previous all-time high), he sold 557,000 HYPE, worth approximately $33.35 million.
Contract Address: 0x8def9f50456c6c4e37fa5d3d57f108ed23992dae
On-chain Staking Address: 0xE44bd27c9F10fa2F89fdb3ab4B4F0E460da29EA8
